this post was submitted on 26 Jun 2025
244 points (98.8% liked)

politics

24360 readers
3576 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
 

Mamdani's emphasis on socialism and redistribution of wealth runs counter to Wall Street's preference for unbridled capitalism and policies that support growth, such as deregulation and low taxes. The 33-year-old has supported taxing the ultra-wealthy, financial transactions and passive income like dividends. He has also endorsed a state-level wealth tax and increased marginal income tax rates on high earners.

Hedge fund magnate Bill Ackman said he woke up Wednesday "a bit depressed" by Mamdani's victory. The Pershing Square chief said he's now looking at the logistics for another candidate, not himself, to run.

Lawrence Summers, the former Treasury Secretary and president of Harvard University, also expressed his distaste Mamdani's nomination.

Guys, Bill Ackman and Larry Summers are sad. 😂

all 23 comments
sorted by: hot top controversial new old
[–] yarr@feddit.nl 5 points 4 hours ago

I'm ahead of the game -- I've been alarmed and depressed for months now.

[–] thegr8goldfish@startrek.website 23 points 13 hours ago

I'm willing to swap my house with any of these poor depressed oligarchs that feel obliged to flee the city. It's in a conservative run state if that sweetens the deal.

[–] gandalf_der_12te@discuss.tchncs.de 26 points 14 hours ago (2 children)

Mamdani’s emphasis on socialism and redistribution of wealth runs counter to Wall Street’s preference for unbridled capitalism and policies that support growth

Mamdani's policies do support growth. If the people have more money, they can spend more, and that stimulates the economy.

[–] markovs_gun@lemmy.world 22 points 13 hours ago

Two campers are setting up camp and decide to build a fire. One camper decides that the hest way to keep warm is to throw as much wood on the fire as humanly possible and keep doing that all night. The other says "Hold on won't we run out of wood really fast if we do that?" The first says "Don't worry we'll just find more wood."

"What if the fire gets out of control and burns the whole camp?"

"Don't worry about it, the fire will self regulate. If it burns too quickly logs will collapse and slow the fire "

"Won't that just send burning embers everywhere?"

"WHY ARE YOU ASKING ALL THESE QUESTIONS YOU'RE ANTI FIRE! DON'T YOU WANT US TO BE WARM!?"

[–] zbyte64@awful.systems 14 points 14 hours ago

I hear guillotines can cure afluenza derived depression.

[–] benignintervention@lemmy.world 75 points 21 hours ago (3 children)

I do not understand how people can have so much fucking money and not want to actually help people with it. But maybe that's why I'm poor

[–] Sauerkraut@discuss.tchncs.de 2 points 5 hours ago

They have Gold Sickness which is a cancer of the soul.

[–] Shiggles@sh.itjust.works 11 points 13 hours ago

It’s really simple. If you aren’t a sociopath, you never reach having so much money.

[–] telllos@lemmy.world 17 points 16 hours ago

This is exactly the reason why. People would say, some rich people are philanthropist. But its never free, its for influence and power.

[–] ieatpwns@lemmy.world 8 points 14 hours ago

I hope they don’t act on those sad feelings

[–] DarkDarkHouse@lemmy.sdf.org 98 points 22 hours ago

Wealthy elites being depressed shows it's the right direction.

[–] PrincessLeiasCat@sh.itjust.works 50 points 22 hours ago (1 children)

I fucking love this headline

[–] Zaktor@sopuli.xyz 36 points 22 hours ago

It's from CNBC too, so you know they meant it straight rather than schadenfreude.

[–] Hegar@fedia.io 28 points 21 hours ago

policies that ~~support growth~~ only exist to further empower the rich, such as deregulation and low taxes

Fixed it for you, cnbc.

[–] BigMacHole@sopuli.xyz 37 points 22 hours ago (1 children)

This is HORRIBLE! What happens when these Rich People who Dont Pay Taxes or Fire People LEAVE? WHAT will Happen when their Homes are Vacant and they ARENT Tearing up our Infrastructure while STILL not Paying Taxes? The HORROR!

[–] MisterD@lemmy.ca 9 points 21 hours ago* (last edited 21 hours ago) (1 children)

How will we get all that private jet pollution we crave?

How will politicians survive without payments to their campaign ?

[–] Xerxos@lemmy.ml 1 points 7 hours ago

Who will trickle down on us poor peasants?

Who I ask you!

[–] runiq@feddit.org 17 points 20 hours ago
[–] resipsaloquitur@lemmy.world 16 points 21 hours ago

Oh no how unfortunate.

[–] Jolly_Platypus@lemmy.world 11 points 21 hours ago
[–] just_another_person@lemmy.world 9 points 23 hours ago